237
237
Dec 4, 2012
12/12
by
CNBC
tv
eye 237
favorite 0
quote 0
jeff, what do you make of what's going on in washington? i'm most interested in the fact that the markets have lost the volatili volatility. we're not seeing the markets respond to every single statement that comes out of washington right now. what do you make of that? >> i think it's the same washington waltz we saw last year. they didn't extend the bush tax cuts until december 17th. they didn't handle the payroll tax until december 23rd. i lived inside the beltway. i have a pretty good network on the hill. i think they're going to have some kind of staged in agreement and then agree to attack the entitlement situation in the new year. >> michael, what do you make of what's going on? how do you try and trade this? at least we had some volatility the traders could trade on. now we don't have that. >> i think the lower volatility is telling you this is an extremely resilient stock market. i've been calling this the rocky balboa stock market. the entire scenario playing out is the fiscal cliff ends up being bullish no matter what. spending cu
jeff, what do you make of what's going on in washington? i'm most interested in the fact that the markets have lost the volatili volatility. we're not seeing the markets respond to every single statement that comes out of washington right now. what do you make of that? >> i think it's the same washington waltz we saw last year. they didn't extend the bush tax cuts until december 17th. they didn't handle the payroll tax until december 23rd. i lived inside the beltway. i have a pretty good...
156
156
tv
eye 156
favorite 0
quote 0
uncertainty seems to be the norm in washington these days. last year you have the debt ceiling convey. congress had trouble putting together a deal. now the u.s. may be heading for the fiscal cliff. what does that mean for you and your investments? we have the jobs report today for a brief moment. we weren't worried about the fiscal cliff. now, we are back. what do you make of it? >> the jobs report was okay. there are some signs of very modest improvement in jobs. the good news is we have not really lost momentum and i will put that in the victory column. from a very short-term perspective, it is the fiscal cliff that is on everyone's mind. consumer sentiment is starting to decline. that suggested everyone seems to be focused on the fiscal cliff. when you are focused on uncertainty, what do you do, you do nothing. those are the major implementations for the economy. cheryl: i can hear the hesitancy in your voice. a lot of our guests are saying the same thing. they are afraid of what washington will do or maybe not do. your outlook is a bit m
uncertainty seems to be the norm in washington these days. last year you have the debt ceiling convey. congress had trouble putting together a deal. now the u.s. may be heading for the fiscal cliff. what does that mean for you and your investments? we have the jobs report today for a brief moment. we weren't worried about the fiscal cliff. now, we are back. what do you make of it? >> the jobs report was okay. there are some signs of very modest improvement in jobs. the good news is we...
80
80
tv
eye 80
favorite 0
quote 0
rich edson live in washington. we know this has been planned for a long time, but nonetheless, now we're just dead in the water for the moment. >> reporter: we are. and just a couple of minutes ago "the wall street journal" coming out with a headline that budget talks have resumed between the president's staff and the speaker's staff. that's something that we're going to check on ourselves in just a couple of minutes with both sides still stuck over tax rates, that still remains the issue. the house is out until tuesday, republican lawmakers say they'll speak with small businesses while back in their districts to discuss the president's tax plan and highlight what they call his small business tax hike. president obama spent his afternoon in northern virginia again pushing his case for raising taxes on families earning more than $250,000 a year. >> i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%, but i do remain optimistic that we can get something done that
rich edson live in washington. we know this has been planned for a long time, but nonetheless, now we're just dead in the water for the moment. >> reporter: we are. and just a couple of minutes ago "the wall street journal" coming out with a headline that budget talks have resumed between the president's staff and the speaker's staff. that's something that we're going to check on ourselves in just a couple of minutes with both sides still stuck over tax rates, that still remains...
141
141
Dec 14, 2012
12/12
by
FBC
tv
eye 141
favorite 0
quote 0
tony little is coming on next on why washington dc needs work out a deal. till then, do not treadmill on me. >> this is a test neil: time is running out and washington is still trying to get a deal done. we have superstar tony little. it is great to have you back, tony. to i want to be a superhero like you were. neil: you already make me look bad. [laughter] neil: this is why i hook up with people like us. tony, is it your sense -- i see a lot of your work and what you do and how you motivate people, it is all about getting in the moment and getting in the zone. but in washington, they are nowhere near that. how would you bring them back? >> they are definitely not in the conceive and believe and achieve mode. [applause] >> i will get what they are dealing with. it is a product in the plan. it is a combination of tax increases. decreasing spending,. [talking over each other] [talking over each other] >> we are forgetting the customer. it doesn't matter if you are president obama or republicans, we are forgetting about the people. that is what you can't forg
tony little is coming on next on why washington dc needs work out a deal. till then, do not treadmill on me. >> this is a test neil: time is running out and washington is still trying to get a deal done. we have superstar tony little. it is great to have you back, tony. to i want to be a superhero like you were. neil: you already make me look bad. [laughter] neil: this is why i hook up with people like us. tony, is it your sense -- i see a lot of your work and what you do and how you...
174
174
Dec 14, 2012
12/12
by
CNBC
tv
eye 174
favorite 0
quote 0
i think this is the normal ebb and flow of washington negotiations. congress acts when there's a forcing event, when they have to act because the consequences are too drastic. we have two major forcing events, going over the cliff and congress's desire to get home for christmas. i think this could go to christmas eve but we'll get there. >> let me ask you one other question about the spending cuts. the president -- the republicans challenged the president to be specific on spending cuts, but the republicans themselves haven't been terribly specific. >> not at all. >> have they about what they would cut in spending? >> i think that's absolutely right. i kind of feel the republicans haven't been specific because they don't know. they can't agree on exactly what spending cuts they want. so they keep pumping it over to the president, but they're the ones asking for spending cuts. it seems to me it's incumbent on them to say what exactly they mean. >> so you're still in the camp that believes that we will have some sort of resolution to the short-term fisc
i think this is the normal ebb and flow of washington negotiations. congress acts when there's a forcing event, when they have to act because the consequences are too drastic. we have two major forcing events, going over the cliff and congress's desire to get home for christmas. i think this could go to christmas eve but we'll get there. >> let me ask you one other question about the spending cuts. the president -- the republicans challenged the president to be specific on spending cuts,...
186
186
Dec 5, 2012
12/12
by
CNBC
tv
eye 186
favorite 0
quote 0
i'll tell you what, maria, i'm not sure what's going on in washington. i'm not sure who those republicans are. i'm not so sure on whether the fiscal conservatives in the party know something about some big reforms on medicare and medica medicare, social security is, any of the retirement or tax issues, but i'll tell you this. i think that all these stories aren't necessarily going lead us to the truth. i personally have a very size way i'm approaching this. the president is supposed to leave for a 21-day vacation in hawaii on december 17th. where he is on december 18th will tell me, and i think the markets will pay attention. i find it hard to believe, and i agree with bill and many, who are very not amused by the house taking their long weekend. i'm sure that the president would have no intentions of leaving until these issues are resolved. i think the market is being kind, but i think it's a timing issue. >> yeah, i think that's a good point. somebody mentioned the other day that the president is planning a trip to hawaii on december 17th. i said, what
i'll tell you what, maria, i'm not sure what's going on in washington. i'm not sure who those republicans are. i'm not so sure on whether the fiscal conservatives in the party know something about some big reforms on medicare and medica medicare, social security is, any of the retirement or tax issues, but i'll tell you this. i think that all these stories aren't necessarily going lead us to the truth. i personally have a very size way i'm approaching this. the president is supposed to leave...
87
87
Dec 14, 2012
12/12
by
FBC
tv
eye 87
favorite 0
quote 0
tony little is coming on next on why washington dc needs work out a deal. for many, nexium helps relieve heartburn symptoms caused by acid reflux disease. osteoporosis-related bone fractures and low magnesium levels have been seen with nexium. possible side effects include headache, diarrhea, and abdominal pain. other serious stach conditions may still exist. talk to your doctor abt nexium. man: constant tingling in my toes. woman: i had double vision. woman: they said, "you have multiple sclerosis man: i kind of had to get a grasp on reality. man: i had to adapt and change very rapidly. woman: i had to learn how to drive with my hands -- yeah, that was interesting. man: a symptom may cause you not to be able to do that anymore, and at oneoint, i was able to do any of those. man: since i've been cycling, it's definitely helped my walking. woman: it's a fantastic opportunity to be working together with a common goal of curing ms, and sharing is the key. neil: time is running out and washington is still trying to get a deal done. we have superstar tony little
tony little is coming on next on why washington dc needs work out a deal. for many, nexium helps relieve heartburn symptoms caused by acid reflux disease. osteoporosis-related bone fractures and low magnesium levels have been seen with nexium. possible side effects include headache, diarrhea, and abdominal pain. other serious stach conditions may still exist. talk to your doctor abt nexium. man: constant tingling in my toes. woman: i had double vision. woman: they said, "you have multiple...
70
70
Dec 10, 2012
12/12
by
CNBC
tv
eye 70
favorite 0
quote 0
it seems to me that washington has a way of doing business and washington will continue to change the way -- or continue to do business the way they have always done it. where is us and wall street, we have to change the way we do business. >> so you don't see a big crash in markets as a fall off the cliff. >> no. i see opportunities for people who are less patient. no, i see it all going down. >> where are your clients moving their money? what are you advising them to do, whether we get a deal or not? are there two completely different strategies? >> there is various things on a similar attitude. big is not always good. i think what we are doing is consolidating and moving towards a smaller environment. i think we have smaller investors who can deliver returns. >> what do you mean by that? types of funtds they are investing in. >> that's correct. i will see many professionals from wall street leaving this side of the business. south side of the business and go to the buy side of the business. and expressing their invest many in the criteria. >> they have what kind of outcome or compr
it seems to me that washington has a way of doing business and washington will continue to change the way -- or continue to do business the way they have always done it. where is us and wall street, we have to change the way we do business. >> so you don't see a big crash in markets as a fall off the cliff. >> no. i see opportunities for people who are less patient. no, i see it all going down. >> where are your clients moving their money? what are you advising them to do,...
142
142
Dec 28, 2012
12/12
by
FBC
tv
eye 142
favorite 0
quote 0
this is from the federal mediator in washington. "it has been agreed upon in principle of the parties." the parties have further agreed to negotiate all remaining issues. freezing every container at those ports. within those containers are electronics, auto parts, close, textiles, just about every consumer product you could think of. boston of northeast all the way down to the gulf of mexico and houston texans. billions and billions of dollars worth of goods. >> it is not just the local area. it is the entire region and the state and going nationally, as well. if we had gone over the fiscal cliff, the strike would also happened over the weekend and it would be a one, two economic punch. david: it took six months for the recovery after the last one. let's talk about hp. they are taking quite a bit of a hit in the market today. the pc and printer company has other headaches to deal with. giovanni josie has the stories. shibani: this is just a matter of time. the company revealing in a legal filing late yesterday that the department of
this is from the federal mediator in washington. "it has been agreed upon in principle of the parties." the parties have further agreed to negotiate all remaining issues. freezing every container at those ports. within those containers are electronics, auto parts, close, textiles, just about every consumer product you could think of. boston of northeast all the way down to the gulf of mexico and houston texans. billions and billions of dollars worth of goods. >> it is not just...
169
169
Dec 7, 2012
12/12
by
KTVU
tv
eye 169
favorite 0
quote 0
also, according to reports, the washington post may be closer to charging customers to read artcles online. tim mulholland of china-america capital joins us on this jobs friday. tim, we are being told there could be a murky jobs number because of hurricane sandy. what do you think about that? > > i think the market will dismiss a weaker-than-expected number because of hurricane sandy and the distortions that it has and look more toward next month, or january's report, that we will get. so, i think they will let it slide. but it should be weaker than expected. i think that is expected by the market, so it shouldn't be a surprise. > goldman sachs has a call out that we will see a renaissance in commodities. are you bullish on any particular commodities here? > > i am bullish on the agriculturals, for reasons of which the supply and also the growing drought that we had this past year, the continued conditions that make for dry growing season next year as well. so i think from a supply/demand standpoint, yes, i think agricultural. the other thing i like, commodities in general, is when the fed
also, according to reports, the washington post may be closer to charging customers to read artcles online. tim mulholland of china-america capital joins us on this jobs friday. tim, we are being told there could be a murky jobs number because of hurricane sandy. what do you think about that? > > i think the market will dismiss a weaker-than-expected number because of hurricane sandy and the distortions that it has and look more toward next month, or january's report, that we will get....
78
78
Dec 13, 2012
12/12
by
CNBC
tv
eye 78
favorite 0
quote 0
boehner and reid in washington. do you think that's having any impact on the type of people who buy your products? >> you know, i think any time when there's a lot of talk about what the future may hold for government, for taxation, for financing, that's going to give some people some trepidation about spending. if there's word about the fact that you are going to have higher taxes come the new year, won't have as much to spend, maybe you hold back a little bit. what we like about our business is, it's a relatively low barriers to entry. consumers can buy the luxury of our beauty for $17, $18, $25, $30. this is not a huge investment. and so we're finding a lot of consumers are finding their way into beauty because they don't want to spend $1,000, $2,000 or $3,000 on very luxurious, larger items like a handbag or a new car, for example. so beauty has its frequency shoppers. but that being said, overall, if the consumer is not certain she has the disposal income, perhaps she holds back a little bit. >> sir, one of my
boehner and reid in washington. do you think that's having any impact on the type of people who buy your products? >> you know, i think any time when there's a lot of talk about what the future may hold for government, for taxation, for financing, that's going to give some people some trepidation about spending. if there's word about the fact that you are going to have higher taxes come the new year, won't have as much to spend, maybe you hold back a little bit. what we like about our...
163
163
Dec 24, 2012
12/12
by
FBC
tv
eye 163
favorite 0
quote 0
lori: the dow closed down 50 points largely due to preparation from washington. she is a daily deal sites are falling today. let's go back to nicole at the new york stock exchange for more. nicole: we're taking a look at group on down 4% today, still under pressure after they made an acquisition. $4.63 per share, they have acquired commerce interface. the company which they have been working since the middle of 2012, april 2012 in order to streamline some of the operations. it is technology management, a way they can work with some of the thousands of existing vendors, supposedly will help them to better support the merchants overseas going forward and give them exclusivity with this particular company but this acquisition today puts them under pressure about 4% and that is why you're seeing it down about $0.19. merry christmas, everybody. david: ilog one of my groupon things to expire. it is not a total loss. lori: it is not front and center in people's priority list. david: s&p futures are closed right now. that's about to larry at the cme to see how things mig
lori: the dow closed down 50 points largely due to preparation from washington. she is a daily deal sites are falling today. let's go back to nicole at the new york stock exchange for more. nicole: we're taking a look at group on down 4% today, still under pressure after they made an acquisition. $4.63 per share, they have acquired commerce interface. the company which they have been working since the middle of 2012, april 2012 in order to streamline some of the operations. it is technology...
216
216
Dec 8, 2012
12/12
by
KRCB
tv
eye 216
favorite 0
quote 0
the only reason they would is if washington completely because this. at this point i don't think that's going to happen. >> susie: how do you think the federal reserve is going to read in today's jobs report. they're meeting on tuesday as you know. do you think it's going to trigger any new response from the fed? >> well, as you know the fed's on high alert. they've got their foot to the accelerator. they're using open ended buying bonds and they're going to up the ante i think at the next meeting in the coming week. operation twist ends and they're going to start rolling that into this quantitative even process. so a lot of bond purchases. i think they're going to continue to do that until unemployment is moving definitively lower and is much lower than it is today. and most importantly, they're going to wait and see how these things go in washington. they're very nervous that policy makers aren't going to get this right. so as long as washington's bitter i think they're going to be in high alert. >> susie: thanks a lo mark great talking about you. we
the only reason they would is if washington completely because this. at this point i don't think that's going to happen. >> susie: how do you think the federal reserve is going to read in today's jobs report. they're meeting on tuesday as you know. do you think it's going to trigger any new response from the fed? >> well, as you know the fed's on high alert. they've got their foot to the accelerator. they're using open ended buying bonds and they're going to up the ante i think at...
75
75
Dec 22, 2012
12/12
by
FBC
tv
eye 75
favorite 0
quote 0
i do want to talk about all this hotter in washington. she said republicans are like a reverse robin hood. taking food out of the mouths of babies and figures to give tax cuts for the wealthy. would you say that? >> first, she is obviously not a literary genius. if you read the robin hood story, robin hood was taking money back from the tax collectors and returning it to the people. so he was 700 years before the tea party even existed. nancy pelosi is not relevant. to be fair, there is a big automatic tax increase that happens january 1. john boehner is -- gerri: i don't think all americans have their ams arund this situation. what would be the real change when these ax hikes going to affect? >> we are focusing a lot on these rate hikes going on. you are also looing at something that hasn't gotten a lot of attention, which is a slew of obamacare that are hitting on january 1. a lot of others are taxes that are going to get americans when th can least afford it. there a lot of tax increases are going to hit this economy hard. we need to b
i do want to talk about all this hotter in washington. she said republicans are like a reverse robin hood. taking food out of the mouths of babies and figures to give tax cuts for the wealthy. would you say that? >> first, she is obviously not a literary genius. if you read the robin hood story, robin hood was taking money back from the tax collectors and returning it to the people. so he was 700 years before the tea party even existed. nancy pelosi is not relevant. to be fair, there is a...
184
184
Dec 24, 2012
12/12
by
KTVU
tv
eye 184
favorite 0
quote 0
moments after president obama was declared the victor, the money struggle in washington stole the spotlight as lawmakers debated over how to avert the fiscal cliff. mother nature took a toll on several parts of the country this year. superstorm sandy ripped through the northeast in late october, leaving a trail of damage along the way. the storm racked up damage of around $60 billion, making it the second most expensive storm ever for the u.s., following hurricane katrina. the storm destroyed houses and businesses on the east coast, leaving millions without power. just months earlier, crop prices shot up following a massive drought that hit the midwest and some northern states. weeks without rain sent corn and soybean prices sky-high. it was estimated that the drought was the worst in nearly a quarter of a century. 2012 was not without its controvesies. trading scandals rocked the news, highlighted by jpmorgan chase. the big bank lost more than $2 billion in what was called "a trading debacle." ceo jamie dimon took a trip to capitol hill for a testimony where he told senators that the indus
moments after president obama was declared the victor, the money struggle in washington stole the spotlight as lawmakers debated over how to avert the fiscal cliff. mother nature took a toll on several parts of the country this year. superstorm sandy ripped through the northeast in late october, leaving a trail of damage along the way. the storm racked up damage of around $60 billion, making it the second most expensive storm ever for the u.s., following hurricane katrina. the storm destroyed...
161
161
Dec 6, 2012
12/12
by
CNBC
tv
eye 161
favorite 0
quote 0
come on, washington, that's ridiculous. how can the markets in switzerland, netherlands, germany do better than us? how is that possible? because of you, washington. it's because of you. we've been kept back all because of you. second, before our politicians stepped in with the intransigence and anger, we were about to have an explosion in earnings. retail was stronger than it was in a decade, autos back incredibly robust. and that's just the beginning. because all the pent up demand. we're running short of office buildings, shopping centers, apartments, homes, these are the hiring sectors, all this blather about helping the small businessman of subchapter "s" for private and middle class, you want to help them? give them a deal, any deal, just get out of our way for heaven sakes. our country is starting to get so competitive, again, that business is building things over there now want to build them there. tim cook tells brian williams that his company's going to make macs in this country. we're better than kmochina. meanwh
come on, washington, that's ridiculous. how can the markets in switzerland, netherlands, germany do better than us? how is that possible? because of you, washington. it's because of you. we've been kept back all because of you. second, before our politicians stepped in with the intransigence and anger, we were about to have an explosion in earnings. retail was stronger than it was in a decade, autos back incredibly robust. and that's just the beginning. because all the pent up demand. we're...
70
70
tv
eye 70
favorite 0
quote 0
but washington is at a standstill. although the president is refusing to sit down with republicans, he did talk to speaker john boehner this afternoon, and the white house is talking to federal agencies, warning them to get ready to go over the cliff. with more on this, congressman tom mcclintock of california. a member of the budget committee. if you for joining us today. you know, we heard about this telephone call between speaker boehner and the president. you think anything will come of that? >> the president has been very clear. he is hell-bent to raise taxes massively on those very wealthy folks made making over $250,000. bearer 80% of small businesses, in and exactly the time when we are depending on them to create two thirds of the new jobs in our country desperately needs. gerri: the republicans are in the way of a settlement. i want to hear what he said today. here is the president. >> we can probably solve this in a week. it is not that tough. but we need that conceptual breakthrough that says that we need t
but washington is at a standstill. although the president is refusing to sit down with republicans, he did talk to speaker john boehner this afternoon, and the white house is talking to federal agencies, warning them to get ready to go over the cliff. with more on this, congressman tom mcclintock of california. a member of the budget committee. if you for joining us today. you know, we heard about this telephone call between speaker boehner and the president. you think anything will come of...
101
101
Dec 28, 2012
12/12
by
WJLA
tv
eye 101
favorite 0
quote 0
as john gonzales reports, the atmosphere in washington is the electric. >> how excited are redskins fans? >> making sure i take my blood pressure medicine. >> redskins fever is boiling over two days after arguably the biggest football game this town has seen and at least a decade. fans and not holding anything back. >> i just cannot wait. next best thing that having my first child. >> and you cannot write a better conclusion, and match against the dreaded dallas cowboys. winner-take-all. fans say they deserve a win. >> watching fans stick with their team a matter what they do. when, lose or draw. >> down the street from the stadium, burgundy and gold in the air -- everything from balloons to get back -- if the basket. and cakes and pastries. >> a lot of party is going on in a couple of days. >> if you are still trying to get tickets, it will cost between $500.800 dollars for a decent seats -- $500-$800 a decent seats. some say the cranium could reach rfk excitement. this fan is decked out with new additions -- additions, all accompanied by a prediction. >> they will 136-26. >> this is su
as john gonzales reports, the atmosphere in washington is the electric. >> how excited are redskins fans? >> making sure i take my blood pressure medicine. >> redskins fever is boiling over two days after arguably the biggest football game this town has seen and at least a decade. fans and not holding anything back. >> i just cannot wait. next best thing that having my first child. >> and you cannot write a better conclusion, and match against the dreaded dallas...
15
15
tv
eye 15
favorite 0
quote 0
all sorts of charities we've calculated the effects of some of the tax proposals being considered in washington and our best estimate is that that amount would drop to about two hundred ninety five billion maybe two hundred ninety billion depending on the state shape of the economy tax deductions make a difference but not all that big a difference and there's a good reason for that when americans look at charitable giving they're not looking to give support to the kinds of things they expect government to do but rather to support the kinds of things they don't expect government to do all those small organizations some of which serve the needy but others serve other people environmental groups arts and culture groups and yes television stations all those are the objects of charitable support and we'd like to encourage that through public policy because we believe that having many different ways of serving the public is much prefer a vote to having just one way through government written richard how do you react to that it doesn't make that much of a difference. well i think you know the figures
all sorts of charities we've calculated the effects of some of the tax proposals being considered in washington and our best estimate is that that amount would drop to about two hundred ninety five billion maybe two hundred ninety billion depending on the state shape of the economy tax deductions make a difference but not all that big a difference and there's a good reason for that when americans look at charitable giving they're not looking to give support to the kinds of things they expect...
135
135
Dec 16, 2012
12/12
by
FBC
tv
eye 135
favorite 0
quote 0
were tied to the mortgage market and you wanted to hire really good people, would you base yourself in washington, d.c. and virginia? no, you wouldn't. we need these big salaries because we need to recruit top talent. go to manhattan. >> that is the point. if bailouts maintain the government centered focus to our economy? >> yes, and it's sucking the% whole economy and we're getting two or 3 percent growth. there are $200,000 jobs in north dakota in the oil field. i would tip into paying to move the bankers to north dakota. >> by the way, on bailouts in terms of banks, there are established procedures, if you have good collateral, you get a short term loan and get over the cash crisis. that is what they should have done in 20078 instead of putting in equity capital. >> neil: coming up next. >> kick the can road down the road for too long. >> we're not going to be able to solve it by kicking the can down the road and doing all the gimmicks in the past. >>> they say they don't wanted to kick the can but steve forbes that is exactly what washington should do. this is flip side. you do not want to mi
were tied to the mortgage market and you wanted to hire really good people, would you base yourself in washington, d.c. and virginia? no, you wouldn't. we need these big salaries because we need to recruit top talent. go to manhattan. >> that is the point. if bailouts maintain the government centered focus to our economy? >> yes, and it's sucking the% whole economy and we're getting two or 3 percent growth. there are $200,000 jobs in north dakota in the oil field. i would tip into...
83
83
Dec 16, 2012
12/12
by
FBC
tv
eye 83
favorite 0
quote 0
were tied to the mortgage market and you wanted to hire really good people, would you base yourself in washington, d.c. and virginia? no, you wouldn't. we need these big salaries because we need to recruit top talent. go to manhattan. >> that is the point. if bailouts maintain the government center focus to our economy? >>es, and it's sucking the% whole economy and we're getting two or 3 percent growth. there are $200,000 jobs in north dakota in the oil field. i would tip into paying to move the bankers to north dakota. >> by the way, on bailouts in terms of banks, there are established procedures, if you have good collateral, you get a short term loan and get over the cash crisis. that is what they should have done in 20078 instead of putting in equity capital. >> neil: coming up next. >> kick the can road down the road for too long. >> we're not going to be able to solve it by kicking the can down the road and doing all the gimmicks in the past. >>> they say they don't wanted to kick the can but steve forbes that is exactly what washington should do. this is flip side. you do not want to miss.
were tied to the mortgage market and you wanted to hire really good people, would you base yourself in washington, d.c. and virginia? no, you wouldn't. we need these big salaries because we need to recruit top talent. go to manhattan. >> that is the point. if bailouts maintain the government center focus to our economy? >>es, and it's sucking the% whole economy and we're getting two or 3 percent growth. there are $200,000 jobs in north dakota in the oil field. i would tip into...
154
154
Dec 14, 2012
12/12
by
FBC
tv
eye 154
favorite 0
quote 0
the rhetoric of washington does not help. we are going to see more of this as we go further into the ew year. liz: further into the new year. liz: we have to get to the new year. we are looking at the energy market. natural gas dropping to its three month low. very mild. looking at behind me in new york. what are we missing as a play, an investment like? are we in that very land and? >> we've been calling for lower natural gas. most of the profit is best. the sale at 380-385. right now it's an oversold market. 327 is the low. we hit it today anywhere between 327 and 330 i'm buying. and on the upside 342-345. i don't think we will see it again this year. liz: never again. >> okay. never again. liz: the collective commodities, the dollar, what the fed did. that seems like a million dollars to 5 million miles away. but in these next two weeks from a trader perspective. people just at the way or are they fully in because we don't have an answer? >> there will not be fully in. what we have right now, an argument between deflation
the rhetoric of washington does not help. we are going to see more of this as we go further into the ew year. liz: further into the new year. liz: we have to get to the new year. we are looking at the energy market. natural gas dropping to its three month low. very mild. looking at behind me in new york. what are we missing as a play, an investment like? are we in that very land and? >> we've been calling for lower natural gas. most of the profit is best. the sale at 380-385. right now...
125
125
Dec 11, 2012
12/12
by
FBC
tv
eye 125
favorite 0
quote 0
everybody is sitting back and waiting to see if washington can actually get something done. if political agendas can get it aside and think about the devastation that probably occurred with the fiscal cliff. the spring selling season begins in late january. we have been the bright spot in the economy. our industry are creating jobs, we're coming back in the early stages of a recovery so the fiscal cliff january 1 would have a huge impact on the country, and impact on our business, and we have our fingers crossed and are very hopeful washington can get something done and we'll have to see. but if they don't, there is no question there will be a little bit of time until things settle down when the buyers will hit the sidelines. liz: will it derail the tentative recovery here? >> right now we are three weeks away from this fiscal cliff date and we're still selling houses. i don't think it derails it, but there could be a pause until things get worked out. liz: part of it is being discussed, and that is the possible elimination or at least the cutting of the mortgage interest ra
everybody is sitting back and waiting to see if washington can actually get something done. if political agendas can get it aside and think about the devastation that probably occurred with the fiscal cliff. the spring selling season begins in late january. we have been the bright spot in the economy. our industry are creating jobs, we're coming back in the early stages of a recovery so the fiscal cliff january 1 would have a huge impact on the country, and impact on our business, and we have...
188
188
tv
eye 188
favorite 0
quote 0
there's a news conference along with washington lawmakers to push for the flat tax. he joins us later this hour. liz: first, what drove the marketings for today's data download. stocks ending lower, struggling for direction most of the day, unable to hold gains trading lower. i think it was 79 times. health care and industrials were today's top performing sectors and telecomo lagged. the euro extending the gains versus the dollar, rallying to a near seven week high against the green back after greece announced its debt buy back terms. euro rose to a $1131. that's high historically. action in the metals. silver, platinum, all sinking more than 1%. silver was today's biggest loser dropping nearly p 3% to settle at $32.81 an ounce. david: markets hopping, but the next trader says investor participation is shifting. in chicago, larry, the key question here is what happens when the market gets off its hind legs and moves? move up or down? >> it all depends on what happens with the fiscal cliff. right now, there's boehner yelled out by his own party, the conservative part
there's a news conference along with washington lawmakers to push for the flat tax. he joins us later this hour. liz: first, what drove the marketings for today's data download. stocks ending lower, struggling for direction most of the day, unable to hold gains trading lower. i think it was 79 times. health care and industrials were today's top performing sectors and telecomo lagged. the euro extending the gains versus the dollar, rallying to a near seven week high against the green back after...
88
88
Dec 6, 2012
12/12
by
WBAL
tv
eye 88
favorite 0
quote 0
tracie potts for us in washington. tracie, thanks. >>> egypt state television is reporting at least five people were killed in overnight flashes between supporters and opponents of egyptian president mohammed morsi. the street battles were the most violent since egypt's latest crisis erupted two weeks ago where morsi assumed near absolute power. the opposition is vowing more protests later today. >>> this morning, two australian radio hosts are apologizing for a prank call that's getting worldwide attention. it was made to the hospital where kate is being treated for acute morning sick sentencesness. anna bell roberts is with us. >> reporter: good morning, lynn. that's right. the latest on kate's condition is that she will remain in hospital. we're not quite sure for how much longer, but she is said to be doing well and getting a lot of rest, which doctors say is what she really needs. as you say, she's had a number of visitors, her brother james and sister pippa were both seen at the hospital last night visiting her.
tracie potts for us in washington. tracie, thanks. >>> egypt state television is reporting at least five people were killed in overnight flashes between supporters and opponents of egyptian president mohammed morsi. the street battles were the most violent since egypt's latest crisis erupted two weeks ago where morsi assumed near absolute power. the opposition is vowing more protests later today. >>> this morning, two australian radio hosts are apologizing for a prank call...
159
159
Dec 14, 2012
12/12
by
FBC
tv
eye 159
favorite 0
quote 0
steve forbes joining us with his warning for washington and why he fears a recession imi
steve forbes joining us with his warning for washington and why he fears a recession imi
257
257
Dec 12, 2012
12/12
by
CNBC
tv
eye 257
favorite 0
quote 0
washington has yet to revoke the laws of supply and demand, and we certainly have supplied the economy with a massive amount of liquidity with the same goods and services, the balance has to be priced, and a price situation is going to be higher levels of inflation and they are keeping rates down pretty much right now. >> yeah. >> we have a diminishing level of return, and that's what's happening. we're pushing rates down, but it's not having the impact. >> lower bang for your qe buck as steve liesman put it earlier on. >> thanks for joining us. always good to see you, eyore pento. >> putting fire into the conversation. >> thank you. >>> so much for the holiday cheer. with the rate things are going in washington, there will be plenty of holiday jeer between now and the new year. >> the president's called for $1.4 trillion worth of revenue. that cannot pass the house or the senate. >>> well, two former presidential candidates face off after the break. i feel like i'm going back to 2008 or 2004. steve forbes says no tax hikes for anybody while howard dean argues everybody needs to pay a
washington has yet to revoke the laws of supply and demand, and we certainly have supplied the economy with a massive amount of liquidity with the same goods and services, the balance has to be priced, and a price situation is going to be higher levels of inflation and they are keeping rates down pretty much right now. >> yeah. >> we have a diminishing level of return, and that's what's happening. we're pushing rates down, but it's not having the impact. >> lower bang for your...
165
165
Dec 1, 2012
12/12
by
CNBC
tv
eye 165
favorite 0
quote 0
keep tax the same for 98% of americans and raise the debt celling so we can at least for a year put washington in the rear-view mirror. wow, can you believe that? there'll be some spending cuts to appease republicans, too, once they've bothered to identify the cuts they actually want! as much as some may believe that there's no incentive to rise above partisanship, the dramatic rates of income of these fiscal rates give to tens of millions of americans who happen to be voters. of the 2 million jobs that could be lost, 1 million of them will most likely comes from the defense sector. at a time when china is rising. you see those planes land on that aircraft carrier this week? the middle east is boiling. i don't know. did we really want that big defense budget cut? i mean, maybe nothing more than the decline in spending is the war in afghanistan winds down. saving about half a trillion dollars over the time. maybe more. the areas where the defense job losses take place they look mighty red to me, at least on the electoral map. yes, you'll have to say goodbye to the fabulous 15% dividend rates go
keep tax the same for 98% of americans and raise the debt celling so we can at least for a year put washington in the rear-view mirror. wow, can you believe that? there'll be some spending cuts to appease republicans, too, once they've bothered to identify the cuts they actually want! as much as some may believe that there's no incentive to rise above partisanship, the dramatic rates of income of these fiscal rates give to tens of millions of americans who happen to be voters. of the 2 million...
103
103
Dec 22, 2012
12/12
by
FBC
tv
eye 103
favorite 0
quote 0
washington correspondent. what did the president have to say moments ago? >> john boehner did say that this would be a cooling off period. maybe they would have some time to reflect here. the president said that he did speak on the phone to speaker john boehner this afternoon. he also had majority leader harry reid to avoid the fiscal cliff and fure out a passport. he said he is ready and willing to try to get a compromise package done. all at once or stuff like that. but we'll have to wait until after the holiday. the president planning to hold out for the holidays,and congress is out for the holidays. the president saying that putting pressure began on republicans, house republicans, to least extend ta cuts for the middle class. that would be the step by scratch in transit approach and he is speaking to constituents back home who he hopes will give feedback to members of congress while they are there for the holiday ttry to get them to agree or get back to the table to negotiate something. gerri: if it were up to me, i say that they work until they get th
washington correspondent. what did the president have to say moments ago? >> john boehner did say that this would be a cooling off period. maybe they would have some time to reflect here. the president said that he did speak on the phone to speaker john boehner this afternoon. he also had majority leader harry reid to avoid the fiscal cliff and fure out a passport. he said he is ready and willing to try to get a compromise package done. all at once or stuff like that. but we'll have to...
111
111
Dec 17, 2012
12/12
by
MSNBCW
tv
eye 111
favorite 0
quote 0
joining us now from washington is arizona congressman raul gra hava. good afternoon, sir. >> good afternoon. how are you? >> i'm well, sir. can i get your immediate response to what happened on friday and what the president said on friday and yesterday about addressing these matters seriously. >> numbing shock and for a parent and for a grandparent that has three grandchildren, mona and i, that one of them is in first grade, it brings all kinds of emotions to the front. these are babies, they're teachers, and the sanctity of school where life was beginning for many, many of these children as they discover themselves, it was a numbing, numbing shock, horrific. i thought the president's comments immediately after were reassuring to the nation and comforting. i thought his comments at the memorial service were that as well, but in particular i was very, very gratified for him to say this is enough. we've gone too far. we've reached a point of no return, and something needs to be done, and i sincerely hope we follow through on this commitment and i hope co
joining us now from washington is arizona congressman raul gra hava. good afternoon, sir. >> good afternoon. how are you? >> i'm well, sir. can i get your immediate response to what happened on friday and what the president said on friday and yesterday about addressing these matters seriously. >> numbing shock and for a parent and for a grandparent that has three grandchildren, mona and i, that one of them is in first grade, it brings all kinds of emotions to the front. these...
81
81
Dec 27, 2012
12/12
by
CSPAN
tv
eye 81
favorite 0
quote 0
it is a sign of how the nra works in washington. the of the very effective job of steering that agency by threatening its budget -- scaring that gency by threatening its budget, and by trying to keep them from having a permanent director. it is been six years. neither president bush for president obama has been able to get a permanent director. agency's stripped of the to not have leadership. host: we have been talking to matt bennett of third way. coming up a 10:00 a.m., the senate will be in session. they do not have the fiscal cliff on their agenda, but leader harry reid is expected to make a morning speech or morning statement about issues regarding the fiscal cliff. you can go to c-span2 can watch that. they're coming in at 10:00 a.m. this morning. the house is coming in at 2:00 p.m.. did not have an agenda. coming in to be here and just in case, et cetera. they will be coming in and probably be in session for a short time and then go out. you could keep updated on our web site at c-span.org. another four day weekend on "booktv
it is a sign of how the nra works in washington. the of the very effective job of steering that agency by threatening its budget -- scaring that gency by threatening its budget, and by trying to keep them from having a permanent director. it is been six years. neither president bush for president obama has been able to get a permanent director. agency's stripped of the to not have leadership. host: we have been talking to matt bennett of third way. coming up a 10:00 a.m., the senate will be in...
153
153
Dec 17, 2012
12/12
by
FBC
tv
eye 153
favorite 0
quote 0
once again, is it this headline out of washington, d.c.? >> the headline definitely helps, without a dow map. the overall fax are a rally into the end of the year. if that happens, that changes everything. we are going into the end of the year with some strength. liz: i am looking at all that is happening. we cannot ignore volume, guys. volume continues to be a little anemic. chris, at the cme, looking at what is working, you guys do with the trades that are coming through, what are you seeing? >> we are measuring low-volume right now. things tend to drift lower. the big thing we are on right now is still the gold position. we are right around that $1700 mark. if the pops over that, a lot of these traders will become buyers. it is acting as a resistance to the upside right now. with japan coming through with the more liberal, you know, monetary easing, sort of scenario, it may be really good for gold. liz: let's get the gold chart up. we are a full $10 above. if it goes down just a bit more, you may see the real buyers come in here. >> i th
once again, is it this headline out of washington, d.c.? >> the headline definitely helps, without a dow map. the overall fax are a rally into the end of the year. if that happens, that changes everything. we are going into the end of the year with some strength. liz: i am looking at all that is happening. we cannot ignore volume, guys. volume continues to be a little anemic. chris, at the cme, looking at what is working, you guys do with the trades that are coming through, what are you...
587
587
Dec 24, 2012
12/12
by
FBC
tv
eye 587
favorite 0
quote 0
but still concerns now from washington about washington, about the fiscal cliff, traders of course don't think anything is getting settled today. they are even talking about the fact that it might get pushed back to the middle of january or something. a lot of speculation and guessing going on, but in the meantime, a little bit of pullback here. let's take a look at facebook. facebook on the other hand a different story. getting a buy rating over at needham and companies, up 2 1/2%. the price target is $33, up from $25. getting close to the $38 ipo price. they obviously have high hopes for the mobile realm for facebook and that's why they raised their targets and has a buy rating. back to you. dagen: thank you, nicole. dennis: where are the shoppers? after a strong start, forecast called for robust holiday season. dagen: but shoppers are not living up to those expectations. adam shapiro is here to explain what the heck is going on. adam: where they go. dagen: it's empty. adam: you should be done with your shopping by now. the national retail federation has not changed their prediction, t
but still concerns now from washington about washington, about the fiscal cliff, traders of course don't think anything is getting settled today. they are even talking about the fact that it might get pushed back to the middle of january or something. a lot of speculation and guessing going on, but in the meantime, a little bit of pullback here. let's take a look at facebook. facebook on the other hand a different story. getting a buy rating over at needham and companies, up 2 1/2%. the price...
55
55
Dec 18, 2012
12/12
by
CNBC
tv
eye 55
favorite 0
quote 0
one, the cfo says the washington debate over the fiscal cliff is not hurting the customers' tendency to spend. they're still spending their budgets and they feel great about the trajectory of their sales. still hiring sales people across every region, across vert capitals, cloud. larry ellison chimed in. finally, larry ellison said in qe-3 they'll be turning the corner in hardware revenue and in q4 expect growth and improving margins. >> thanks. you see the stock moving higher towards its previous highs. >> 52 week high. what we haven't mentioned i think might be the most important metric in oracle, the new licensing method was up 17%. they shop out there and continue to show how well they integrate. the problem is we will start pushing up against the 36 level, had been the top 12 years ago and in '09, if i'm not mistaken or '07. keep a look on it. i think it has more room to run, maybe 34, 35, then might be time to take the money off the table. >>> also 52 week highs in shares of sales. >>> meanwhile, bopoulty group, e builder hit its highest levels since april of 2006. do you have
one, the cfo says the washington debate over the fiscal cliff is not hurting the customers' tendency to spend. they're still spending their budgets and they feel great about the trajectory of their sales. still hiring sales people across every region, across vert capitals, cloud. larry ellison chimed in. finally, larry ellison said in qe-3 they'll be turning the corner in hardware revenue and in q4 expect growth and improving margins. >> thanks. you see the stock moving higher towards its...
83
83
Dec 7, 2012
12/12
by
CNBC
tv
eye 83
favorite 0
quote 0
our chief washington correspondent john harwood is here with the latest. >> reporter: we ended the week with a fairly perfect, simple, clear, elegant expression of the partisan differences in this fight. speaker boehner came out and gave a press conference where he essentially said president obama has done nothing to compromise with republicans. here's the speaker. >> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. >> reporter: not surprisingly, democratic house leader nancy pelosi had precisely the opposite explanation for what is behind this stalemate. she says republicans simply echoing the white house are going to have to buckle on the issue of the top rates. >> the only obstacle standing in the way of middle income tax relief are the republicans unwillingness to ask the top 2% to pay their fair share. >> but tyler, as yo
our chief washington correspondent john harwood is here with the latest. >> reporter: we ended the week with a fairly perfect, simple, clear, elegant expression of the partisan differences in this fight. speaker boehner came out and gave a press conference where he essentially said president obama has done nothing to compromise with republicans. here's the speaker. >> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since...
142
142
Dec 26, 2012
12/12
by
FBC
tv
eye 142
favorite 0
quote 0
washington preparing for another round of wheeling and dealing tomorrow. right now the dow was trying to find direction, down this .10 points. a downturn after being ordered to pay nearly $1.2 billion in damage in a patent infringement lawsuit. sued for infringing patents related to data storage technology. edmunds.com predicting new car sales will slow in the new year but still plenty of optimism in the auto industry. consumers will continue to benefit from new models, new technology potentially lower prices as automakers continue to fight for market share. we continue "countdown to the closing bell" with ashley webster. ashley: let's go to nicole petallides at the floor of the new york stock exchange. shares of rim, research in motion. rim it is for real. shares of research in motion. research in motion has been beaten down the past couple of sessions. concerns of a new structure put in effect, and what they were going to do is use a tear factor, those tiers, is unclears unclear how they were going to break down. it contributes to the research in motion
washington preparing for another round of wheeling and dealing tomorrow. right now the dow was trying to find direction, down this .10 points. a downturn after being ordered to pay nearly $1.2 billion in damage in a patent infringement lawsuit. sued for infringing patents related to data storage technology. edmunds.com predicting new car sales will slow in the new year but still plenty of optimism in the auto industry. consumers will continue to benefit from new models, new technology...
128
128
Dec 5, 2012
12/12
by
WETA
tv
eye 128
favorite 0
quote 0
darren gersh, "n.b.r.," washington. . down tnvbz%. d right? q: slgtç7 >> susie: you're pretty upbeat on the stock market side. taking look at the forecast for the s&p 500, you're calling for a gain of 8%, it will get to the 1575 level to the 1400 level. what is going to give investors confidence to take their money out of cash and invest it in stocks? >> again, susie, we've had some significant head winds over the past year or so. we think as we get past the fiscal cliff and job creation continues, i think investors are going to be feeling a little more optmistic. we think with modest earnings growth, we're looking for earnings to be up about 5%, and with a little extra improvement and sentiment, investors could push the market up about 8%. not a big gain, but a decent one, giving the slow-growing economy we're seeing right now. >> susie: your whole forecast is depending on an agreement on fiscal cliff. if we go over the cliff, what happens to your forecast. what will you be saying at the start of the year about the outlook for the economy
darren gersh, "n.b.r.," washington. . down tnvbz%. d right? q: slgtç7 >> susie: you're pretty upbeat on the stock market side. taking look at the forecast for the s&p 500, you're calling for a gain of 8%, it will get to the 1575 level to the 1400 level. what is going to give investors confidence to take their money out of cash and invest it in stocks? >> again, susie, we've had some significant head winds over the past year or so. we think as we get past the...
153
153
Dec 7, 2012
12/12
by
KQED
tv
eye 153
favorite 0
quote 0
. >> tom: lots of theatrics today, but few visible signs of progress in washington towards a fix for the fiscal cliff. the only hopeful sign is that republicans and democrats are talking privately again. but they haven't worked out any of the big issues, including what to do about the nation's debt limit. washington will hit its borrowing limit early next year, darren gersh has the latest. >> reporter: sitting around the kitchen table with a middle class family in virginia, the president once again pressed for congress to avoid the fiscal cliff. >> if this family has a couple of thousand dollars less to spend, that translates into $200 billion of less consumer spending next year. and that's bad for businesses, large and small. >> reporter: behind the scenes, the two sides are talking again. but there was no progress in public. senators today fought over the debt limit, and ended up deadlocked over a bill to allow the president to automatically increase borrowing. >> he's shown what he is really after is unprecedented powers to spend taxpayer dollars without any limit at all. >> repor
. >> tom: lots of theatrics today, but few visible signs of progress in washington towards a fix for the fiscal cliff. the only hopeful sign is that republicans and democrats are talking privately again. but they haven't worked out any of the big issues, including what to do about the nation's debt limit. washington will hit its borrowing limit early next year, darren gersh has the latest. >> reporter: sitting around the kitchen table with a middle class family in virginia, the...
56
56
Dec 25, 2012
12/12
by
FBC
tv
eye 56
favorite 0
quote 0
gerri: when we come back should entitlement reforms be on the table in washington? the latest on medicare, next. gerri: a ticking timebomb inside the federal budget putting taxpayers on the hook for billions of dollars in defaults. at student loans, that is what i'm talking about, escalating intoou nosebleed territory with delinquencies rates at a new all-time high outstripping any other consumer debt. our student loans the new subprime loan? joining me now, spokesman for the young american foundation. thank you for joining us. we really appreciate your time. the president is talking about higher education and how it should be an economic imperative. listen to this. >> a higher education is no longer a luxury. it is an economic imperative in the 21st century. it is part of what we nee to succeed in this global economy. and i'm going to fight for every young person is willing to work hard to get an education. gerri: should everyone hava college degree? >> if i was the president, i think you might has well said let me be clear. every student should start with 30,000 d
gerri: when we come back should entitlement reforms be on the table in washington? the latest on medicare, next. gerri: a ticking timebomb inside the federal budget putting taxpayers on the hook for billions of dollars in defaults. at student loans, that is what i'm talking about, escalating intoou nosebleed territory with delinquencies rates at a new all-time high outstripping any other consumer debt. our student loans the new subprime loan? joining me now, spokesman for the young american...